People need to review all aspects of the various parties platform including looking at the annual report for government.
There is allot of information that is missing from statements made by various parties. Elections tend to allow parties to mislead the facts.
All government program spending needs to go through value for money including changes to the costing model
Too many governments are not getting value for their government services.
Government needs to become lean - https://fcpp.org/2018/10/12/employment-data-shows-canadas-public-sector-getting-fatter/
Canada needs to have competitive tax rates or risk a brain drain - https://www.slideshare.net/paulyoungcga/technology-market-canada-and-the-world-march-2019
Canada needs have govts that support policies that encourage business investment - https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march-2019
NDP is a good party to keep government honest, but to lead that would be a big mistake. NDP's policies of keeping goods in the ground, higher taxes for business and handouts are a recipe for economic and fiscal ruin.
This presentation will discuss Ontario's economy including areas like FDI, Hydro Rates, Capital Investment, Taxation and Carbon Taxation.
The presentation will look at economic data related to housing starts, retail sales, exports and manufacturing.
The presentation will also highlight government policies in areas like hydro rates, innovation, carbon taxation and debt/deficit.
Government policies and issues - Municipalities and Cities - Canada - july 2017paul young cpa, cga
It is very easy to print money via taxation, but it is more difficult to fix systemic issues with delivering of taxation to various municipal programs.
This presentation includes a look at all levels of government undertaking more value for money audits. Some of the value for money audits could be set up via automation through triggers as way to ensure taxpayers dollars are maximised as part of delivering program spending.
Average weekly earnings of non-farm payroll employees were $1,023 in April, up 0.7% from March. Compared with 12 months earlier, earnings grew by 2.9%. (FYI – Goods Producing Sector average is 1.5%. The spike is primarily to do with retail wages.
In general, changes in weekly earnings reflect a number of factors, including wage growth; changes in the composition of employment by industry, occupation and level of job experience; and average hours worked per week.
Non-farm payroll employees worked an average of 32.8 hours per week in April, unchanged from the previous month and little changed from 12 months earlier.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/190627/dq190627b-eng.htm
2019 Election| Who do you just more when it comes to Retirement Planning?paul young cpa, cga
This presentation looks at the issues facing various pension plans across Canada as well as looks to see if people are saving for retirement
This presentation will also discuss the seniors concerns going into the 2019 election
All government program spending needs to go through value for money including changes to the costing model
Too many governments are not getting value for their government services.
Government needs to become lean - https://fcpp.org/2018/10/12/employment-data-shows-canadas-public-sector-getting-fatter/
Canada needs to have competitive tax rates or risk a brain drain - https://www.slideshare.net/paulyoungcga/technology-market-canada-and-the-world-march-2019
Canada needs have govts that support policies that encourage business investment - https://www.slideshare.net/paulyoungcga/business-competitivesness-canada-march-2019
NDP is a good party to keep government honest, but to lead that would be a big mistake. NDP's policies of keeping goods in the ground, higher taxes for business and handouts are a recipe for economic and fiscal ruin.
This presentation will discuss Ontario's economy including areas like FDI, Hydro Rates, Capital Investment, Taxation and Carbon Taxation.
The presentation will look at economic data related to housing starts, retail sales, exports and manufacturing.
The presentation will also highlight government policies in areas like hydro rates, innovation, carbon taxation and debt/deficit.
Government policies and issues - Municipalities and Cities - Canada - july 2017paul young cpa, cga
It is very easy to print money via taxation, but it is more difficult to fix systemic issues with delivering of taxation to various municipal programs.
This presentation includes a look at all levels of government undertaking more value for money audits. Some of the value for money audits could be set up via automation through triggers as way to ensure taxpayers dollars are maximised as part of delivering program spending.
Average weekly earnings of non-farm payroll employees were $1,023 in April, up 0.7% from March. Compared with 12 months earlier, earnings grew by 2.9%. (FYI – Goods Producing Sector average is 1.5%. The spike is primarily to do with retail wages.
In general, changes in weekly earnings reflect a number of factors, including wage growth; changes in the composition of employment by industry, occupation and level of job experience; and average hours worked per week.
Non-farm payroll employees worked an average of 32.8 hours per week in April, unchanged from the previous month and little changed from 12 months earlier.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/190627/dq190627b-eng.htm
2019 Election| Who do you just more when it comes to Retirement Planning?paul young cpa, cga
This presentation looks at the issues facing various pension plans across Canada as well as looks to see if people are saving for retirement
This presentation will also discuss the seniors concerns going into the 2019 election
2019 Election| Retirement| Seniors and CPP| Canada | July 2019paul young cpa, cga
Canadian Seniors
Liberals love to mislead people on what Harper and the CPC did for seniors:
1. Carbon tax hurts so people on fixed income – Carbon tax is regressive tax - https://news.ontario.ca/ene/en/2019/04/ontario-stands-up-for-seniors-by-opposing-the-costly-federal-carbon-tax-1.html
2. OAS needs to be affordable - https://www.theglobeandmail.com/investing/personal-finance/article-how-raising-the-age-for-cpp-and-oas-to-67-would-benefit-the-whole/
3. Seniors and Poverty - https://cpj.ca/poverty-trends-2018/
4. Harper introduced Pension Splitting https://www.moneysense.ca/news/trudeau-harper-clash-over-pensions-and-income-splitting/
5. Harper spent on Elderly benefits - https://globalnews.ca/news/2222185/reality-check-trudeaus-claim-harper-slashes-funding-to-balance-budget-falls-flat/
Who is better at managing CPP?
• @justintrudeau decided to hike CPP rates as part of his feel-good policies. CPP is a tax!
• @Andrewscheer policies will be like Harper that is hold CPP premium growth to inflation
Ontario needs to be restructured on how it delivers program spending when it comes to value for money
There are broken processes like arbitration that pushing additional costs on to municipal, school boards and hospitals - https://www.cfib-fcei.ca/en/media/new-report-broken-arbitration-system-causing-unsustainable-rise-municipal-costs
Neither Wynne nor Horwath would touch the costing model. Both believe in rewarding unions for their support.
Ontario has $15B structural deficit - http://www.auditor.on.ca/en/content/specialreports/specialreports/2018Pre-Election_en.pdf
2019 Election| Seniors and Retirement | Canada | July 2019paul young cpa, cga
This presentation looks at the issues facing various pension plans across Canada as well as looks to see if people are saving for retirement
This presentation will also discuss the seniors concerns going into the 2019 election
Morneau “"I think Canadians will make their decisions based on those economic outcomes. I think people will see Andrew Scheer does not have a credible approach for the economy and our approach to the economy is actually working," he told reporters at an event at Toronto's Ryerson University. "There are obviously continuing challenges ... people in Alberta are facing a challenge around the changing oil and gas sector. Those issues are real. But what we're also seeing across the country is significantly more people employed.“ -Source - https://www.cbc.ca/news/politics/scheer-economic-address-energy-corridor-1.5138649
There many facets to the economy including how to bet get goods to market in environmentally sustainable way. The problem is the liberals never had the answers as you will see with this presentation as it focus on taxation, regulations, fdi, trade, environment, employment and innovation.
Government Policies and Issues Municipalities and Cities - Canada - January...paul young cpa, cga
There is allot of misconceptions when it comes to municipal government across Canada. This presentation clarifies the responsibilities as well as the issues facing municipal governments across Canada.
It should also be noted previous elections provincial governments were less than truthful when it came to how either the money flows to/from various governments or within various governments.
Government policies and issues - Municipalities and Cities - Canada paul young cpa, cga
This presentation will discuss the policies and issues facing municipalities and cities in Canada.
Municipalities are 3rd tier of government after provincial and federal government.
Canada continues to face hurdles when it comes to addressing issues with productivity.
1. Canada productivity – https://cabe.ca/webinar/rhetoric-vs-results-shaping-policy-to-benefit-canadas-middle-class/
2. Middle class - https://cabe.ca/webinar/rhetoric-vs-results-shaping-policy-to-benefit-canadas-middle-class/
3. Supply chain - https://fortune.com/2021/12/01/port-of-vancouver-flooding-supply-chain-disruption-logistics/
4. Mining - https://www.mining.com/canadas-mining-sector-top-target-market-for-fdi-deals-from-asia-pacific-region/
5. Top manufacturers - https://clutch.co/ca/logistics/manufacturing-companies
6. Automation - https://www.prnewswire.com/news-releases/robot-race-the-worlds-top-10-automated-countries--international-federation-of-robotics-reports-301216237.html
7. Agriculture - https://www.realagriculture.com/2021/11/canadian-government-still-undecided-on-u-s-invitation-to-join-coalition-focused-on-agricultural-productivity/
8. Canada is rank 13th on global resiliency for 2021 - https://newsroom.fmglobal.com/releases/denmark-bumps-norway-from-top-spot-in-the-2021-fm-global-resilience-index as compare to compared to 8th in 2015 - https://newsroom.fmglobal.com/releases/denmark-bumps-norway-from-top-spot-in-the-2021-fm-global-resilience-index
9. Australia continues to outpace Canada in terms of developing its natural resources in a sustainable way - https://www.fraserinstitute.org/studies/annual-survey-of-mining-companies-2020 or https://www.fraserinstitute.org/studies/annual-survey-of-mining-companies-2020
10. CAN’s natural resources wealth decline in 2020.The effective tax rate was unchanged from 2018 to 2019 for high-income earners. Dividend income led to rising in total income. https://www.slideshare.net/paulyoungcga/wealth-and-taxation-fairness-november-2021
Unions have a role to ensure they work with companies as part of the collective bargaining agreement
Unions have said little or nothing when it comes to policies that hinder Canada’s competitive position
CPC introduced oversight which was reversed by Trudeau and the Liberals - http://business.financialpost.com/opinion/trudeau-gives-big-labour-a-pass
The federal government ran a deficit of nearly $69 billion over the first half its fiscal year, almost $130 billion less than the treasury pumped out during the same stretch one year earlier.
The Finance Department’s fiscal monitor says the budgetary deficit between April and September was $68.6 billion, down from the $198.1 billion recorded over the same months in 2020 when Covid-19 first struck.
Source - https://www.advisor.ca/news/economic/federal-deficit-hits-nearly-69b-over-first-half-of-fiscal-year/
1. Deficit / Canada - https://www.reuters.com/markets/rates-bonds/canada-records-c6857-bln-budget-deficit-over-first-six-months-202122-2021-11-26/
2. BOC / qualitative easing - https://www.bankofcanada.ca/2021/11/financial-stability-through-the-pandemic-and-beyond/
3. Inflation - https://financialpost.com/opinion/philip-cross-government-is-driving-inflation
4. Household debt - https://www.consolidatedcreditcanada.ca/financial-news/household-debt/
5. https://twitter.com/EvanLSolomon/status/1464071997286232100 Hey Evan - Sep/19 also seen higher inflation compared to Oct/15 but there was no comment from you back in Sep/19, why? https://www.slideshare.net/paulyoungcga/2019-election-cost-of-living-canada-june-2019 There was also no comment how GDP growth went from 3.0% (2017) to 1.6% (2019), right? https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
6. Interest rates - https://www.bloomberg.com/news/articles/2021-10-27/bank-of-canada-accelerates-potential-timing-of-rate-hikes
7. Housing - https://theconversation.com/want-to-solve-the-housing-crisis-address-super-charged-demand-169809
8. Consumer spending - https://thoughtleadership.rbc.com/rbc-consumer-spending-tracker/
9. Infrastructure bank - https://canada.constructconnect.com/dcn/news/projects/2021/11/cib-hits-its-stride-with-20-projects-in-its-portfolio
10. https://globalnews.ca/news/8404028/prime-minister-justin-trudeau-bc-flood-zone/ Is @JustinTrudeau taking his surfboard? Many of us already know it will be lots of word salad and little said about all levels of government failing to safeguard assets! https://www.slideshare.net/paulyoungcga/crisis-and-emergency-management-risk-management-how-best-to-manage-risk
Municipal government exist to provide programs and services at the municipal level.
Provincial governments in various municipal acts that govern how municipalities operate across Canada
Limitation on how municipal government can raise taxation
Powers over the size of government
Approximately 98% of taxation comes from the following areas
Property Taxes
User Fees
Municipal government is responsible for the following areas
Emergency Services (Fire and Police)
Infrastructure (Roads, Bridges, Sewer, Water Treatment and lighting, etc)
Parks and Recreation (pools, parks, arenas, etc)
Other areas
2019 Election Issues| Municipal and Local Government| Issues and Analysis - M...paul young cpa, cga
Too many elected councilors do not read AG reports or F/S or other reports but are quick to blame provincial government when funding cuts are made.
Business always has to adjust to changes with their customer as such why are municipal govt not doing more gap action work as part of managing their fiscal management cycle.
Ontario Liberals - Kathleen Wynne and Dalton McGuinty era - January 2018paul young cpa, cga
Ontario GDP will grow at pace of 1.8 to 2.3% for the next decade or so.
Ontario has spending a problem - https://www.fraserinstitute.org/studies/spending-is-the-source-of-ontarios-deficit-and-debt-problem
Moodys has downgraded bonds and put Ontario on watch (http://www.metronews.ca/news/canada/2015/02/23/ontario-has-a-serious-spending-problem-finds-credit-report.html)
Budget watchdog also doubts Ontario will balance the budget - http://business.financialpost.com/news/economy/ontario-watchdog-says-balanced-budget-unlikely-for-several-years-despite-liberals-pledge
Healthcare professionals are saying the system is max (https://cupe.ca/1000-hospital-staff-travel-great-distances-kingston-rally-end-funding-freeze-choking-ontario
Ontario has issues with delivery of precious tax dollars to programs like healthcare, education, etc.
Hydro rates are schedule to go up after 2019 - https://globalnews.ca/news/3827189/hydro-ontario-plan-cost/
2019 Election| Retirement| Seniors and CPP| Canada | July 2019paul young cpa, cga
Canadian Seniors
Liberals love to mislead people on what Harper and the CPC did for seniors:
1. Carbon tax hurts so people on fixed income – Carbon tax is regressive tax - https://news.ontario.ca/ene/en/2019/04/ontario-stands-up-for-seniors-by-opposing-the-costly-federal-carbon-tax-1.html
2. OAS needs to be affordable - https://www.theglobeandmail.com/investing/personal-finance/article-how-raising-the-age-for-cpp-and-oas-to-67-would-benefit-the-whole/
3. Seniors and Poverty - https://cpj.ca/poverty-trends-2018/
4. Harper introduced Pension Splitting https://www.moneysense.ca/news/trudeau-harper-clash-over-pensions-and-income-splitting/
5. Harper spent on Elderly benefits - https://globalnews.ca/news/2222185/reality-check-trudeaus-claim-harper-slashes-funding-to-balance-budget-falls-flat/
Who is better at managing CPP?
• @justintrudeau decided to hike CPP rates as part of his feel-good policies. CPP is a tax!
• @Andrewscheer policies will be like Harper that is hold CPP premium growth to inflation
Ontario needs to be restructured on how it delivers program spending when it comes to value for money
There are broken processes like arbitration that pushing additional costs on to municipal, school boards and hospitals - https://www.cfib-fcei.ca/en/media/new-report-broken-arbitration-system-causing-unsustainable-rise-municipal-costs
Neither Wynne nor Horwath would touch the costing model. Both believe in rewarding unions for their support.
Ontario has $15B structural deficit - http://www.auditor.on.ca/en/content/specialreports/specialreports/2018Pre-Election_en.pdf
2019 Election| Seniors and Retirement | Canada | July 2019paul young cpa, cga
This presentation looks at the issues facing various pension plans across Canada as well as looks to see if people are saving for retirement
This presentation will also discuss the seniors concerns going into the 2019 election
Morneau “"I think Canadians will make their decisions based on those economic outcomes. I think people will see Andrew Scheer does not have a credible approach for the economy and our approach to the economy is actually working," he told reporters at an event at Toronto's Ryerson University. "There are obviously continuing challenges ... people in Alberta are facing a challenge around the changing oil and gas sector. Those issues are real. But what we're also seeing across the country is significantly more people employed.“ -Source - https://www.cbc.ca/news/politics/scheer-economic-address-energy-corridor-1.5138649
There many facets to the economy including how to bet get goods to market in environmentally sustainable way. The problem is the liberals never had the answers as you will see with this presentation as it focus on taxation, regulations, fdi, trade, environment, employment and innovation.
Government Policies and Issues Municipalities and Cities - Canada - January...paul young cpa, cga
There is allot of misconceptions when it comes to municipal government across Canada. This presentation clarifies the responsibilities as well as the issues facing municipal governments across Canada.
It should also be noted previous elections provincial governments were less than truthful when it came to how either the money flows to/from various governments or within various governments.
Government policies and issues - Municipalities and Cities - Canada paul young cpa, cga
This presentation will discuss the policies and issues facing municipalities and cities in Canada.
Municipalities are 3rd tier of government after provincial and federal government.
Canada continues to face hurdles when it comes to addressing issues with productivity.
1. Canada productivity – https://cabe.ca/webinar/rhetoric-vs-results-shaping-policy-to-benefit-canadas-middle-class/
2. Middle class - https://cabe.ca/webinar/rhetoric-vs-results-shaping-policy-to-benefit-canadas-middle-class/
3. Supply chain - https://fortune.com/2021/12/01/port-of-vancouver-flooding-supply-chain-disruption-logistics/
4. Mining - https://www.mining.com/canadas-mining-sector-top-target-market-for-fdi-deals-from-asia-pacific-region/
5. Top manufacturers - https://clutch.co/ca/logistics/manufacturing-companies
6. Automation - https://www.prnewswire.com/news-releases/robot-race-the-worlds-top-10-automated-countries--international-federation-of-robotics-reports-301216237.html
7. Agriculture - https://www.realagriculture.com/2021/11/canadian-government-still-undecided-on-u-s-invitation-to-join-coalition-focused-on-agricultural-productivity/
8. Canada is rank 13th on global resiliency for 2021 - https://newsroom.fmglobal.com/releases/denmark-bumps-norway-from-top-spot-in-the-2021-fm-global-resilience-index as compare to compared to 8th in 2015 - https://newsroom.fmglobal.com/releases/denmark-bumps-norway-from-top-spot-in-the-2021-fm-global-resilience-index
9. Australia continues to outpace Canada in terms of developing its natural resources in a sustainable way - https://www.fraserinstitute.org/studies/annual-survey-of-mining-companies-2020 or https://www.fraserinstitute.org/studies/annual-survey-of-mining-companies-2020
10. CAN’s natural resources wealth decline in 2020.The effective tax rate was unchanged from 2018 to 2019 for high-income earners. Dividend income led to rising in total income. https://www.slideshare.net/paulyoungcga/wealth-and-taxation-fairness-november-2021
Unions have a role to ensure they work with companies as part of the collective bargaining agreement
Unions have said little or nothing when it comes to policies that hinder Canada’s competitive position
CPC introduced oversight which was reversed by Trudeau and the Liberals - http://business.financialpost.com/opinion/trudeau-gives-big-labour-a-pass
The federal government ran a deficit of nearly $69 billion over the first half its fiscal year, almost $130 billion less than the treasury pumped out during the same stretch one year earlier.
The Finance Department’s fiscal monitor says the budgetary deficit between April and September was $68.6 billion, down from the $198.1 billion recorded over the same months in 2020 when Covid-19 first struck.
Source - https://www.advisor.ca/news/economic/federal-deficit-hits-nearly-69b-over-first-half-of-fiscal-year/
1. Deficit / Canada - https://www.reuters.com/markets/rates-bonds/canada-records-c6857-bln-budget-deficit-over-first-six-months-202122-2021-11-26/
2. BOC / qualitative easing - https://www.bankofcanada.ca/2021/11/financial-stability-through-the-pandemic-and-beyond/
3. Inflation - https://financialpost.com/opinion/philip-cross-government-is-driving-inflation
4. Household debt - https://www.consolidatedcreditcanada.ca/financial-news/household-debt/
5. https://twitter.com/EvanLSolomon/status/1464071997286232100 Hey Evan - Sep/19 also seen higher inflation compared to Oct/15 but there was no comment from you back in Sep/19, why? https://www.slideshare.net/paulyoungcga/2019-election-cost-of-living-canada-june-2019 There was also no comment how GDP growth went from 3.0% (2017) to 1.6% (2019), right? https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
6. Interest rates - https://www.bloomberg.com/news/articles/2021-10-27/bank-of-canada-accelerates-potential-timing-of-rate-hikes
7. Housing - https://theconversation.com/want-to-solve-the-housing-crisis-address-super-charged-demand-169809
8. Consumer spending - https://thoughtleadership.rbc.com/rbc-consumer-spending-tracker/
9. Infrastructure bank - https://canada.constructconnect.com/dcn/news/projects/2021/11/cib-hits-its-stride-with-20-projects-in-its-portfolio
10. https://globalnews.ca/news/8404028/prime-minister-justin-trudeau-bc-flood-zone/ Is @JustinTrudeau taking his surfboard? Many of us already know it will be lots of word salad and little said about all levels of government failing to safeguard assets! https://www.slideshare.net/paulyoungcga/crisis-and-emergency-management-risk-management-how-best-to-manage-risk
Municipal government exist to provide programs and services at the municipal level.
Provincial governments in various municipal acts that govern how municipalities operate across Canada
Limitation on how municipal government can raise taxation
Powers over the size of government
Approximately 98% of taxation comes from the following areas
Property Taxes
User Fees
Municipal government is responsible for the following areas
Emergency Services (Fire and Police)
Infrastructure (Roads, Bridges, Sewer, Water Treatment and lighting, etc)
Parks and Recreation (pools, parks, arenas, etc)
Other areas
2019 Election Issues| Municipal and Local Government| Issues and Analysis - M...paul young cpa, cga
Too many elected councilors do not read AG reports or F/S or other reports but are quick to blame provincial government when funding cuts are made.
Business always has to adjust to changes with their customer as such why are municipal govt not doing more gap action work as part of managing their fiscal management cycle.
Ontario Liberals - Kathleen Wynne and Dalton McGuinty era - January 2018paul young cpa, cga
Ontario GDP will grow at pace of 1.8 to 2.3% for the next decade or so.
Ontario has spending a problem - https://www.fraserinstitute.org/studies/spending-is-the-source-of-ontarios-deficit-and-debt-problem
Moodys has downgraded bonds and put Ontario on watch (http://www.metronews.ca/news/canada/2015/02/23/ontario-has-a-serious-spending-problem-finds-credit-report.html)
Budget watchdog also doubts Ontario will balance the budget - http://business.financialpost.com/news/economy/ontario-watchdog-says-balanced-budget-unlikely-for-several-years-despite-liberals-pledge
Healthcare professionals are saying the system is max (https://cupe.ca/1000-hospital-staff-travel-great-distances-kingston-rally-end-funding-freeze-choking-ontario
Ontario has issues with delivery of precious tax dollars to programs like healthcare, education, etc.
Hydro rates are schedule to go up after 2019 - https://globalnews.ca/news/3827189/hydro-ontario-plan-cost/
Ontario - Kathleen Wynne and Dalton McGuinty era - June 2017paul young cpa, cga
Here is look at Ontario since the Liberals became the government for Ontario. The presentation focuses on key areas as such may exclude other policies as they were out of scope.
All party leaders are making promises as part of getting elected. The problem is that both Horwath and Wynne are being less than truthful as Ontario has a structural deficit of $11B.
Structural deficits do not go away overnight as decision have to be made including gap action plans.
It would be nice if Wynne and Horwath would discuss how they will restructured government instead pointing the finger at Ford.
Progressive conservatives vs Liberal Government for Ontariopaul young cpa, cga
This presentation will look at 13+ years of governments led by Mike Harris (PC) as well as Liberals (Kathleen Wynne and Dalton McGuinty)
Ontario debt has double since 2003 and yet we have seen a deterioration in terms of the quality of services as well as the economy.
Election 2018 - Ontario Liberals vs Ontario Progressive Conservatives - Econo...paul young cpa, cga
People of Ontario have a tough choice to make in June 2018 as such this presentation will highlight areas of concerns for the people of Ontario
List of the top 10 Broken Promises: https://twitter.com/Kathleen_Wynne/status/959907698035785728 https://www.ontariopc.ca/10_liberal_big_ideas_10_broken_promises
https://www.investmentexecutive.com/news/research-and-markets/ontarios-debt-outlook-drops-to-negative-moodys/ or more failed promises -
Loss jobs - http://business.financialpost.com/opinion/75000-manufacturing-jobs-lost-thats-the-price-of-ontarios-electricity-disaster
Ontario income barely grew in 10 years - http://business.financialpost.com/news/economy/canadian-median-income-growth-sluggish-over-past-10-years-statscan-figures-show
Ontario need a change - https://www.slideshare.net/paulyoungcga/ontario-liberals-kathleen-wynne-and-dalton-mcguinty-era-january-2018
Bottom line
Ontario needs a change in government. Wynne listens to no one but herself. Wynne’s continues to introduced bad after bad policies that only hurt people of Ontario
Kathleen Wynne Liberals vs Doug Ford Ontario PCs - March 2018paul young cpa, cga
People of Ontario have a tough choice to make in June 2018 as such this presentation will highlight areas of concerns for the people of Ontario
List of the top 10 Broken Promises: https://twitter.com/Kathleen_Wynne/status/959907698035785728 https://www.ontariopc.ca/10_liberal_big_ideas_10_broken_promises
https://www.investmentexecutive.com/news/research-and-markets/ontarios-debt-outlook-drops-to-negative-moodys/ or more failed promises -
Loss jobs - http://business.financialpost.com/opinion/75000-manufacturing-jobs-lost-thats-the-price-of-ontarios-electricity-disaster
Ontario income barely grew in 10 years - http://business.financialpost.com/news/economy/canadian-median-income-growth-sluggish-over-past-10-years-statscan-figures-show
Ontario need a change - https://www.slideshare.net/paulyoungcga/ontario-liberals-kathleen-wynne-and-dalton-mcguinty-era-january-2018
Bottom line
Ontario needs a change in government. Wynne listens to no one but herself. Wynne’s continues to introduced bad after bad policies that only hurt people of Ontario
All politicians will promise you the world to get elected. The problem is Ontario's finances are a disaster as such next government not avoid the fiscal mess.
Tough decisions will need to be made by the next government to ensure programs are sustainable.
The problem is neither Wynne nor Horwath have the skill to restructured government
This presentation focuses on the environment including what needs to happen in order to protect the environment as well as balance environmental policies with economic policies.
People of Ontario have a tough choice to make in June 2018 as such this presentation will highlight areas of concerns for the people of Ontario
List of the top 10 Broken Promises: https://twitter.com/Kathleen_Wynne/status/959907698035785728 https://www.ontariopc.ca/10_liberal_big_ideas_10_broken_promises
https://www.investmentexecutive.com/news/research-and-markets/ontarios-debt-outlook-drops-to-negative-moodys/ or more failed promises -
Loss jobs - http://business.financialpost.com/opinion/75000-manufacturing-jobs-lost-thats-the-price-of-ontarios-electricity-disaster
Ontario income barely grew in 10 years - http://business.financialpost.com/news/economy/canadian-median-income-growth-sluggish-over-past-10-years-statscan-figures-show
Ontario need a change - https://www.slideshare.net/paulyoungcga/ontario-liberals-kathleen-wynne-and-dalton-mcguinty-era-january-2018
Bottom line
Ontario needs a change in government. Wynne listens to no one but herself. Wynne’s continues to introduced bad after bad policies that only hurt people of Ontario
Fiscal Management| Cycle| Analysis and Commentary| Canadapaul young cpa, cga
Military procurement - https://www.pbo-dpb.gc.ca/en/blog/news/RP-2021-040-C--cost-canada-surface-combatants-2021-update-options-analysis--cout-navires-combat-canadiens-mise-jour-2021-analyse-options or https://www.cbc.ca/news/politics/frigate-fleet-cost-1.5926000
Failures on many procurement and policies like clean water for first nations – new audit reports - https://www.oag-bvg.gc.ca/internet/English/mr_lp_e_1455.html
There is still no fiscal anchor - https://www.reuters.com/article/us-canada-economy-idUSKBN2AG2AV
The liberal ran on a platform saying they would make things more affordable. This presentation discuss key policy changes as part of people assessing did the Liberals make lives either more affordable or less affordable
Trudeau is now making promises about cell phone as he says high cost of living. Nowhere does Trudeau admit that his trudeaunomics has failed to do anything for the economy other than make things more expensive - https://www.slideshare.net/paulyoungcga/why-did-justin-trudeau-fail-at-keynesian-economics
There has been little discussion of a economic road map as part of the managing COVID19. The economy has many parts to it as such govt needs to come up with fiscal and economic road map as part moving Canada through the COVID19 crisis.
Similar to Issues facing Ontario - 2018 Election (20)
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
Issues facing Ontario - 2018 Election
1. Ontario – Kathleen Wynne
and Dalton McGuinty Era –
December 2017
PAUL YOUNG CPA, CGA
DECEMBER 5, 2017
2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. Summary / Ontario
Ontario GDP will grow at pace of 1.8 to 2.3% for the next decade or so.
Ontario has spending a problem - https://www.fraserinstitute.org/studies/spending-is-the-source-of-
ontarios-deficit-and-debt-problem
Moodys has downgraded bonds and put Ontario on watch
(http://www.metronews.ca/news/canada/2015/02/23/ontario-has-a-serious-spending-problem-finds-credit-
report.html)
Budget watchdog also doubts Ontario will balance the budget -
http://business.financialpost.com/news/economy/ontario-watchdog-says-balanced-budget-unlikely-for-
several-years-despite-liberals-pledge
Healthcare professionals are saying the system is max (https://cupe.ca/1000-hospital-staff-travel-great-
distances-kingston-rally-end-funding-freeze-choking-ontario
Ontario has issues with delivery of precious tax dollars to programs like healthcare, education, etc.
Hydro rates are schedule to go up after 2019 - https://globalnews.ca/news/3827189/hydro-ontario-plan-
cost/
4. Government Revenue/Ontario
Source – Government of Ontario, Stats Canada and Federal Government of Canada
Commentary and Analysis
• McGuinty introduced harmonized sales tax
• McGuinty introduced Ontario Health Premium tax
• Ontario is recipient of equalization payments
• Wynne is selling of assets, i.e. Ontario Power Generation
• Wynne is introducing carbon taxes / 2017
• McGuinty cut corporate tax rates
• Ontario loss over 300,000 manufacturing jobs
• Ontario growing public sector jobs greater than private
sector
5. Government Spending/Ontario
Source – Government of Ontario, Stats Canada and Federal Government of Canada
% of Expenses /Spending
Analysis Commentary
• Harris spent close to 40% on healthcare as compare to McGuinty and
Wynne that spend approximately 38% on healthcare
• LHINs and CCAC were created but have done little in terms of improving
wait times and/or controlling of costs
• Education received more money, but we have more grads having hard
time finding jobs. Meanwhile. Ontario has significant skills gas that could
influence FDI
• Wynne pledge to bring the debt down to 26% of GDP. If Wynne were to
bring the debt down then should need to reduced the debt by $10B per
year.
• Drummond report was virtually ignored and it was succinct in terms of
Ontario has spending problem. Ontario is spending from 18.5 to 17.5%
of GDP of government and only taking in 16.8% in revenue. More
taxation is not the answer
7. Cap and Trade
http://www.torontosun.com/2017/04/11/wynnes-cap-and-trade-lacks-transparency
First, cap and trade doesn’t just impact the cost of home heating fuel and gasoline, but almost all
consumer products. Food, for example, is grown and transported to market using fossil fuel
energy, so when the price of gas goes up due to cap and trade, so does the price of food. So
does the price of fertilizer.
The second problem is that Wynne’s government was 34% low in predicting monthly natural gas
bills for average homeowners would rise by $5.
The average price increase since Jan. 1 has been $6.70 per month, according to natural gas
suppliers, while many homeowners report their bills are rising faster than that, as the actual
increase depends on the amount of natural gas a household consumes.
Meanwhile, the Wynne government refuses to break out the new cost of cap and trade on home
heating bills, although it tells hydro ratepayers in every bill, down to the penny, how much its 8%
rebate on the provincial portion of the HST is saving them.
Toronto Sun – Lorrie Goldstein – April 11, 2017
8. Key areas of waste
P3 Costs $8B (source: http://www.thestar.com/news/queenspark/2014/12/09/publicprivate_financing_cost_ontario_taxpayers_8_billion_auditor_says.html)
Equalization $10B (http://www.fin.gc.ca/fedprov/mtp-eng.asp#Ontario)
Gas Plant Cancellation $1.1B (http://www.thestar.com/news/canada/2013/10/08/liberals_power_plant_cancellations_cost_11b_auditor_general.html)
eHealth $1B (http://www.cbc.ca/news/canada/toronto/ehealth-scandal-a-1b-waste-auditor-1.808640)
Selling excess power $1B/year http://kitchener.ctvnews.ca/ontario-paid-1-billion-to-export-surplus-power-in-2013-ndp-say-1.1647299 - 2013 amount only)
Wind Subsidies $1B/year (http://www.netnewsledger.com/2014/03/05/ontario-wind-energy-plans-costing-1-billion-annually/)
Ontario capital Expenditures $11.8B (http://www.fin.gov.on.ca/en/budget/paccts/2014/)
Ontario shares of gas tax $750M (http://www.infrastructure.gc.ca/alt-format/pdf/GTF-FTE-20140905-eng.pdf)
Municipalities Capital spending $6B (http://www.amo.on.ca/Advocacy.aspx?searchtext=capital&searchmode=exactphrase&date=0;&issue=0;&category=0;)
Wynne’s AIT Issues - http://www.cbc.ca/news/canada/saskatchewan/saskatchewan-premier-brad-wall-concerned-about-ontario-quebec-position-on-energy-east-1.2848930.
Oliver and Wynne barb over infrastructure - http://www.canadianmanufacturing.com/procurement/ontario-ottawa-trade-barbs-infrastructure-funding-plan-142206/
Broken Arbitration system - http://www.lfpress.com/2014/02/22/small-municipalities-across-ontario-crushed-by-soaring-opp-policing-costs - Wynne was McGuinty’s right
hand person - https://www.theglobeandmail.com/news/politics/mcguinty-defends-85-per-cent-pay-hike-for-opp-in-2014/article1360155/
Forest Management cuts - http://www.torontosun.com/2013/12/17/liberals-latest-disaster-in-works-leaves-northern-ontario-vulnerable
9. Drummond Report
Source - http://www.cbc.ca/news/canada/toronto/drummond-report-on-ontario-calls-for-cutbacks-1.1138568
The Ontario government must curtail its spending with the kind of cuts not seen since the Mike
Harris years, according to a report by former TD Bank chief economist Don Drummond.
Released Wednesday, Drummond’s report calls for extensive spending reductions and warns that
without his recommended belt-tightening, the province will face a crippling $30-billion deficit by
2017-18.
Drummond warns that failing to follow such severe austerity measures could cause Ontario’s
debt, which currently stands at $215 billion, to balloon to more than $411 billion in five years.
February 15, 2012
12. Education Funding
Source – Government of Ontario
2015-2016A 2016-2017A 2017-2018
25.1 25.7 26.5
% change 2.4% 1.6%
• Ontario Government includes the
pension adjustment that AG
disputes -
https://www.thestar.com/news/que
enspark/2017/02/13/pensions-are-
an-asset-expert-panel-
concludes.html
• Rural school closing continue to happen due to declining enrolment
• Students are failing in areas like math and sciences -
https://www.thestar.com/news/canada/2017/08/30/math-scores-flat-falling-among-ontario-elementary-
students.html
• Government has allow school boards to handle pay increases and/or other costs -
https://tvo.org/article/current-affairs/the-next-ontario/ontarios-school-boards-are-a-mess-we-made
14. Ontario Healthcare
Source – Government of Canada and Ontario Government
2015-
2016
2016-
2017
2017-
2018
$13,095 $13,899 $14,362
Change 6.1% 3.3%
Federal Transfer for Healthcare
2015-
2016
2016-
2017
2017-
2018
$51,011 $52,206 $53,753
Change 2.3% 3.0
Ontario Transfers to Healthcare
• Hospital funding issues - http://healthydebate.ca/2015/02/topic/politics-of-health-care/philanthropy
• Hospital costs - http://www.lfpress.com/2017/03/21/hydro-london-health-sciences-centre-electricity-use-
falls-but-costs-up-30-per-cent
• Funding - https://www.thestar.com/life/health_wellness/2015/04/22/budget-will-see-tough-decisions-in-
health-care.html
• LHINs and CCAC - https://www.thestar.com/life/health_wellness/2015/11/06/community-care-access-centres-
likely-to-be-dismantled.html
15. Healthcare
PBO - http://cupe.ca/canadas-health-care-system-about-lose-36-billion. Yet nothing is said
on the waste with healthcare, why? http://www.nugget.ca/2015/03/31/workers-rally-for-
new-health-accord. It seems like unions are complaining at funding from the Feds, but say
nothing on the LHINs or CCAC - http://blogs.windsorstar.com/opinion/the-stars-view-
time-to-audit-ccacs-and-the-lhins or revenue like Ontario Health Premium that does not
go to healthcare -
http://www.fin.gov.on.ca/en/budget/paccts/2014/14_cfs.html#operations
16. Arbitration
Ontario has never fixed its arbitration process - http://business.financialpost.com/opinion/the-
ontario-laws-that-force-cities-to-keep-spending-more-on-unionized-workers
Firefighting Costs
http://www.theobserver.ca/2015/10/29/confusion-swirls-over-impact-of-fire-service-cutbacks or
http://www.owensoundsuntimes.com/2017/01/17/owen-sound-aims-to-stem-fire-costs
17. Jobs and Prosperity Fund
Source -
http://www.auditor.on.ca/en/content/news/15_newsreleases/2015ne
ws_3.04.pdf
19. Fair Hydro Plan
Liberal supporter,
So, Fraser Institute is wrong, right? So, is the AG report wrong as well?
http://www.auditor.on.ca/en/content/news/11_newsreleases/2011news_3.03.pdf
Ontario AG http://www.auditor.on.ca/en/content/specialreports/specialreports/FairHydroPlan_en.pdf or
http://www.cbc.ca/news/canada/toronto/ontario-hydro-auditor-general-report-fair-hydro-plan-wynne-1.4358168
I have done my own work through reviewing different information and high hydro rates have driven out business -
https://www.slideshare.net/paulyoungcga/failed-clean-energy-policies-ontario-wynne-and-mcguinty
Ontario businesses are at the breaking point with the Liberals as they have seen carbon taxation, elimination of EHT threshold,
high hydro rates, planned hikes to minimum wage, etc. Business can adjust to government policies, but not when they
continue to be slammed by Wynne with bad after bad policy!
Jobs replaced by manufacturing have been lower in pay, like retail/transportation/etc.
https://beta.theglobeandmail.com/report-on-business/economy/census-2016-statscan-
income/article36242392/?ref=http://www.theglobeandmail.com&
21. Mistake that broke Hydro
https://www.pressreader.com/canada/national-post-latest-edition/20161124/281681139477783
“Your new government will restrain program spending to reduce
Ontario’s debt-to-GDP ratio, while recommitting itself to
eliminating the deficit by 2017-18.
And after that, it will restrict overall spending increases to 1%
below GDP growth until the province’s debt-to-GDP ratio returns
to the pre-recession level of 27%.
Sources:
http://tvo.org/transcript/2098464/video/programs/the-agenda-
with-steve-paikin/kathleen-wynne-ontarios-25th-premier or
http://www.ontla.on.ca/web/house-
proceedings/house_detail.do?Date=2013-02-19
22. Mining Investment – 2016 Ranking
Source - http://www.mining.com/canadas-saskatchewan-manitoba-worlds-new-top-mining-
destinations/
Ontario rank 18th a fall
of three spots from
2015
23. Automotive Sector / Ontario
Source - https://apma.ca/auto-sector-can-drive-ontarios-economy-forward-again/
Article did not mentioned the
following areas
• Carbon Taxation
• Elimination of the EHT
threshold for large payrolls
• Hikes planned for CPP
• Hikes to property tax
25. Sensitivity Analysis - Ontario
• Ontario would need to both increases in revenue as well as cuts to spending. This would mean running
surpluses between $5B to 8.5B for five years to bring the debt to gdp to 27%.
26. Dear LPC or NDP supporter,
I also work in fortune 500 for many years and that is also not the case in terms of adding 100K salaried employees. In fact there has
been cuts to high salary as part slashing middle to senior management positions with firms.
The bulk of the business are small to medium size as such they do not pay 100K salaries very often as they cannot afford the costs.
The government goes by its own drum as such does not necessarily align their pay scales with the private sector.
Public Sector workers on average are paid 13% more than the private sector. The compensation earned by government workers is the
issue with me! http://www.cfib-fcei.ca/english/article/6301-a-closer-look-at-private-public-sector-wage-gaps.html
There many reason why system is broke:
arbitration is not align with ability to pay
Government pay grid is out align with private sector
pension funding is not sustainable
Government does not operate in competitive environment as such there is no pressure on wages other than internal restrictions.
There are too many duplicate departments as such they add cost to the system (LHINs, CCAC, etc)
Approximately 50 cents of any dollar spent by government is related to payroll. Ontario has $11B deficit as such half of the deficit goes
to compensation. http://www.slideshare.net/paulyoungcga/ontario-tax-and-spend-analysis
27. Summary
Ontario is less competitive in 2017 than it was when Liberals took power in 2003
Ontario has some highest hydro rates in North America
Carbon taxation does not reduce emissions, but does increase overall costs to
consumers
Ontario continues to drag its feet when it comes to developing natural resources, like
Chromite or Lithium or other areas
Ontario productivity has worsen due to fact many companies are starting to make
investment in other jurisdiction
Ontario debt is highest of any sovereign place in the world
Systemic issues with real estate have not been addressed all levels of government as
well as the private sector